Group Five Pipe Secures SAR 176M Contract

GROUP FIVE +5.46%

GROUP FIVE

9523.SA

48.30

+5.46%

Group Five Pipe Saudi Co. announced on April 5, 2026 the signing of a contract with Esnad Al Turuq Contracting Company valued at around 176 million Saudi riyals. The contract involves manufacturing and supplying carbon steel helical sub-merged arc welded (HSAW) API 5L pipes for the Water Transmission System Pipes Ras Al-Khair - Riyadh project. The contract duration spans from March 2026 to the end of May 2026, with financial impact expected to be reflected in the second and third quarters of fiscal year 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94221&anCat=1&cs=9523&locale=ar

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